Juewei Food Co., Ltd. announced that it will issue no more than 184,267,408 A shares for gross proceeds of not exceeding CNY 2,383,935,500 on August 2, 2021. The transaction will include participation from no more than 35 specific investors. The issuance price is determined by inquiry, and the pricing base date is the first day of the non-public issuance period. The issuance price of this issuance shall not be lower than 80% of the average trading price of the company's stocks 20 trading days before the pricing base date. The final issuance quantity will be authorized by the company’s board of directors and its authorized persons in accordance with the general meeting of shareholders. The transaction is also subject to approval of China Securities Regulatory Commission. After the completion of this issuance, the company's shares subscribed by the target shall not be transferred within 6 months from the date of closing. The transaction was approved in the 23rd meeting of the fourth board of directors and 18th meeting of the 4th supervisory committee and has received acceptance from China Securities Regulatory Commission under the acceptance number: 212213.